Changes

'''Economic planning''' is a term used to describe the long term plans of an incumbant government to co-ordinate and develop the economy. Economic planning is commonly a feature of [[big government]] as it usually involves increased spending on things such as public work schemes and government programmes.  

'''Economic planning''' is a term used to describe the long term plans of an incumbent government to co-ordinate and develop the economy. Economic planning is commonly a feature of [[big government]] as it usually involves increased spending on things such as public work schemes and government programs.  

Given the economic woes due to the collapse of international trade on a vast scale in the early 1930s caused by tariff restrictions severally among [[nation state]]s, economic planning became quite fashionable as a solution among what became the belligent powers of [[World War II]].

Given the economic woes due to the collapse of international trade on a vast scale in the early 1930s caused by tariff restrictions severally among [[nation state]]s, economic planning became quite fashionable as a solution among what became the belligerent powers of [[World War II]].

Economic planning can include:

Economic planning can include:

*Discussing the long term future of economic growth, and ways of achieving said growth.

*Discussing the long term future of economic growth, and ways of achieving said growth.

*Meeting social partners such as trade Union leaders to co-ordinate government planning in relation to these partners.

*Meeting social partners such as trade Union leaders to co-ordinate government planning in relation to these partners.

*Organising committees to create reports and offer recommendations for future economic expansion.

*Organizing committees to create reports and offer recommendations for future economic expansion.

Critics, who generally tend to be pro Free-market argue that the only economic planning that government should engage in is providing a framework for the economy to operate, such as sufficient [[infrastructure]] and the maintenance of [[law]] and [[order]]

Critics, who generally tend to be pro Free-market argue that the only economic planning that government should engage in is providing a framework for the economy to operate, such as sufficient [[infrastructure]] and the maintenance of [[law]] and [[order]]

==Marxist roots==

==Marxist roots==

James Burnham, a former [[Trotskyite]], discovered in 1941 that the "workers revolution" which allegedy was to overthrow the capitalist "exploiters," was in real practice  a "managerial revolution" which replaced older 19th century owners of capital with twentieth century technocrats and managers.  Burnham found that "workers in this mythical 'workers' state' were, the facts showed, a subject class far more heavily exploited than the workers under capitalism," and that the new managers in a planned economy "have curbed the masses and have instituted a social structure in which they are on top, not by virtue of private property rights in the instruments of production, but through their monopoly control of a state power which has fused with the economy." <ref>''The Managerial Revolution'', James Burnham, Indiana University Press, Bloomingham 1966.</ref>

James Burnham, a former [[Trotskyite]], discovered in 1941 that the "workers revolution" which allegedly was to overthrow the capitalist "exploiters," was in real practice  a "managerial revolution" which replaced older 19th century owners of capital with twentieth century technocrats and managers.  Burnham found that "workers in this mythical 'workers' state' were, the facts showed, a subject class far more heavily exploited than the workers under capitalism," and that the new managers in a planned economy "have curbed the masses and have instituted a social structure in which they are on top, not by virtue of private property rights in the instruments of production, but through their monopoly control of a state power which has fused with the economy." <ref>''The Managerial Revolution'', James Burnham, Indiana University Press, Bloomingham 1966.</ref>

Prof. Carrol Quigley voiced the same sentiments as late as 1966 when he wrote in ''Tragedy and Hop'', "It is increasingly clear that in the 20th century, the expert will replace the industrial tycoon in control of the economic system even as he will replace the democratic voter in control of the political system. This is because planning will inevitably replace [[laissez-faire]] in the relationships between the two systems. <ref>''Tragedy and Hope: A History of the World in Our Time'', Carroll Quigley, Collier-Macmillan, 1966, pgs. 735 - 741. ISBN 0-945001-10-X</ref>

Prof. Carroll Quigley voiced the same sentiments as late as 1966 when he wrote in ''Tragedy and Hop'', "It is increasingly clear that in the 20th century, the expert will replace the industrial tycoon in control of the economic system even as he will replace the democratic voter in control of the political system. This is because planning will inevitably replace [[laissez-faire]] in the relationships between the two systems. <ref>''Tragedy and Hope: A History of the World in Our Time'', Carroll Quigley, Collier-Macmillan, 1966, pgs. 735 - 741. ISBN 0-945001-10-X</ref>

==New Deal==

==New Deal==